1 Jiao Chinese Soviet Republic National Bank - Northwest Branch, Pre-1949 Communist China

The Northwest Branch of the Chinese Soviet Republic National Bank was established to serve the Shaanxi-Gansu-Ningxia border region base areas, where the Communist Party operated a parallel economy entirely outside Nationalist financial control. Notes like this one circulated in a closed system — local soviets enforced acceptance, and exchange with Guomindang-issued currency was actively suppressed.

The 1932 dating places this issue in the earliest phase of that effort, before the Long March and the consolidation of base area finances under more standardized structures in the mid-1930s. Survival rates are low; paper quality in these remote printing operations was poor, and most notes were worn to destruction or deliberately withdrawn.